Nassau Reinsurance to buy Traditional Insurance business of Universal American

Universal American Corp. has agreed to sell its Traditional Insurance business to Nassau Reinsurance Group Holdings LP for about $43 million. Universal American’s Traditional Insurance business includes its Medicare Supplement, Long Term Care, Disability, Life, and other ancillary insurance products, all of which have been in run-off since 2012. Nassau is backed by Golden Gate Capital.

DealsNorth AmericaUSBriefs